Free Trial

Trend Needle Points North

EURUSD TECHS
  • RES 4: 1.1054 High Apr 4 2022
  • RES 3: 1.1022 3.00 proj of the Sep 28 - Oct 4 - Oct 13 price swing
  • RES 2: 1.0954 High Apr 11, 2022
  • RES 1: 1.0927 High Jan 23
  • PRICE: 1.0860 @ 15:33 GMT Jan 24
  • SUP 1: 1.0767/40 Low Jan 18 / 20-day EMA
  • SUP 2: 1.0634 Low Jan 9
  • SUP 3: 1.0569/1.0484 50-day EMA / Low Jan 6
  • SUP 4: 1.0410 3.0% Lower Bollinger Band

EURUSD remains in an uptrend and the pair traded slightly higher Monday to confirm a resumption of the primary uptrend. The trend extension maintains the bullish price sequence of higher highs and higher lows and moving average studies continue to highlight bullish market sentiment. The focus is on 1.0954, the Apr 11 2022 high. Initial firm support is at 1.0740, the 20-day EMA. A break of the average would signal the start of a correction.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.